Examples of Xxxxxxxx 66 Entity in a sentence
The Parties recognize that a certain number of the COP Group Employees who are Delayed Transfer Employees will be providing services to the Xxxxxxxx 66 Group pursuant to the terms of the Transition Services Agreement and that certain of such Employees will be transferred to a Xxxxxxxx 66 Entity at or around the time of the termination of the services being provided under the Transition Services Agreement.
Effective as of the Distribution Date, Xxxxxxxx 66 shall, or shall cause a Xxxxxxxx 66 Entity to, establish a plan with terms and conditions substantially comparable to the COP Director’s Annual Matching Gift Program.
Pursuant to Section 8.1, at or prior to the Effective Time, Xxxxxxxx 66 shall, or shall cause another Xxxxxxxx 66 Entity to, establish and adopt Xxxxxxxx 66 Welfare Plans which will provide health care flexible spending account or dependent care flexible spending account benefits to Xxxxxxxx 66 Welfare Plan Participants.
When it comes to offences punishable under special enactments, such as the 1967 Act, something more isrequired to be kept in mind in view of the special provisions contained in Section 43D of the 1967 Act, inserted by Act 35 of 2008 w.e.f. 31st December, 2008.
Notwithstanding the above, with respect to any Delayed Transfer Employee whose employment is transferred from a COP Entity to a Xxxxxxxx 66 Entity on a Transfer Date and who was a participant in the COP SERP (and each alternate payee or beneficiary of such person) as of immediately prior to such Transfer Date, the Xxxxxxxx 66 SERP shall provide benefits substantially similar to those accrued with respect to such person under the COP SERP as of immediately prior to such Delayed Transfer Employee’s transfer.
On or prior to the Effective Time, Xxxxxxxx 66 shall, or shall cause another Xxxxxxxx 66 Entity to, adopt a grantor trust in a form that is substantially comparable to the COP Grantor Trust as in effect immediately prior to the Effective Time.
As of the Effective Time, Xxxxxxxx 66 shall, or shall cause another Xxxxxxxx 66 Entity to, establish a defined contribution plan and trust for the benefit of Xxxxxxxx 66 Group Employees (the “Xxxxxxxx 66 401(k) Plan”).
No Xxxxxxxx 66 Entity shall be responsible for any Liability with respect to any such claims.
Pursuant to Section 8.1, at or as soon as practicable after the Effective Time, Xxxxxxxx 66 shall, or shall cause another Xxxxxxxx 66 Entity to, establish and adopt Xxxxxxxx 66 Welfare Plans that will provide retiree medical benefits to eligible Xxxxxxxx 66 Welfare Plan Participants at and after the Effective Time.
Notwithstanding the above, with respect to any Delayed Transfer Employee whose employment is transferred from a COP Entity to a Xxxxxxxx 66 Entity on a Transfer Date and who was a participant in a COP Deferred Compensation Plan as of immediately prior to such Transfer Date, the Xxxxxxxx 66 Deferred Compensation Plans shall provide benefits substantially similar to those available to such person under the COP Deferred Compensation Plans as of immediately prior to such Delayed Transfer Employee’s transfer.